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| Exchange Received Time 07/09/2017 17:11:44 Exchange Disseminated Time 07/09/2017 17:11:50 Time Taken 00:00:06 | We would like to inform you that Crest Ventures Limited ('CVL') acquired 2,43,788 Equity Shares held by Hasel River Limited in Classic Mall Development Company Private Limited ('CMDCPL'), its Associate Company, at a consideration of Rs. 43,50,50,000/- (Rupees Forty Three Crore Fifty Lakh Fifty Thousand only). Subsequent to the above acquisition, the equity shareholding of Crest Ventures Limited (including the investment held by the wholly owned subsidiary) in CMDCPL has increased from 45.84% to 49.00%.
Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dt. September 09, 2015 is enclosed.
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